Vitalik: Ether's Fundamentals Are Actually Very Strong Right Now
On August 22, Vitalik Buterin, co-founder of Ether, said in a social media post, “Ether just got a lot more powerful:
- Transaction fees on L2 are less than $0.01 - Two EVM L2s (Optimism and Arbitrum) are now in phase 1
- Wallet user experience is much improved (e.g., no more manual network switching), but still a long way to go - More robust and mature ZK tools make app developers' jobs easier
- Starting to see the emergence of second generation privacy tools (e.g. 0xbowio)
- Identity/reputation/credentials ecosystem becomes more robust and starts to be used more and more in practice - Progress on STARKs makes the prospects for long term security and decentralization clearer Account abstraction roadmap becomes clearer - Final scenarios for block building become more clear (seems to boil down to a choice between FOCIL+APS vs. multiple proposers)
- Staking's decentralization remains stable (the “PoS is more centralized than PoW” claim has been proven completely wrong) The fundamentals of Ether are actually very strong at this point.”
Translated with DeepL.com (free version)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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